Jet Airways flies high on enhancing international connectivity with Etihad Airways

01 Apr 2015

Jet Airways (India) is currently trading at Rs. 493.00, up by 4.90 points or 1.00% from its previous closing of Rs. 488.10 on the BSE.

The scrip opened at Rs. 493.50 and has touched a high and low of Rs. 498.55 and Rs. 490.05 respectively. So far 84411 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.50 on 02-Feb-2015 and a 52 week low of Rs. 203.50 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 498.55 and Rs. 439.00 respectively. The current market cap of the company is Rs. 5605.46 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 14.48% and 34.52% respectively.

Jet Airways, India’s premier international airline, has increased the number of codeshare flights it offers with strategic partner, Etihad Airways, to include new destinations in North America, Europe and Australia. The development will see Jet Airways placing its 9W code on Etihad Airways’ services from Abu Dhabi to San Francisco (SFO), Dallas / Fort Worth (DFW) and Los Angeles (LAX) in the United States.

These new codeshares complement the existing ones on Etihad Airways’ flights to New York (JFK), Chicago (ORD) and Washington DC (IAD). The expansion of codeshare options also includes Etihad Airways’ forthcoming flight to Edinburgh (EDI) as well as established routes to Zurich (ZRH) and Perth (PER). Jet Airways will also place its 9W code on flights between Abu Dhabi and Jaipur and Kolkata. In return Etihad Airways will place its EY code on Jet Airways’ flights from Ahmedabad to Abu Dhabi.

Jet Airways currently operates a fleet of 116 aircraft, which include a mix of Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s.

 

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